Common use of Scope of Arbitration Requirement Clause in Contracts

Scope of Arbitration Requirement. With respect to any dispute regarding (a) payments or amounts payable under this Contract and/or (b) the content or value of the Punch List, which dispute(s) is/are not resolved after referral to the Parties’ senior management, pursuant to the first paragraph of Article 28 of this Contract, arbitration conducted pursuant to the procedures in this Attachment 15 is mandatory, final and otherwise binding on the Parties.